EUROPA-IMMO: what changed
What changed
EUROPA-IMMO
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€66,287
2024 · €75,509-€9,222
Equity
€362,827
2024 · €276,540+€86,287
Cash
€23,267
2024 · €7,229+€16,039
Balance sheet total
€1.8m
2024 · €2.1m-€243,487
Largest movements
Assets
- Tangible fixed assets -€239,169
down €239,169 (-12.1%), from €2.0m to €1.7m
Equity and liabilities
- Debts after one year -€283,660
down €283,660 (-19.6%), from €1.4m to €1.2m
- Profit (loss) carried forward +€66,287
up €66,287 (+25.7%), from €257,940 to €324,227
- Tax, wage and social debts -€31,380
down €31,380 (-31.1%), from €100,772 to €69,391
Income statement
- Write-downs +€123,842
new in 2025: €123,842
- Depreciation -€62,894
down €62,894 (-54.7%), from €114,900 to €52,006
- Gross operating margin +€49,466
up €49,466 (+17.2%), from €288,093 to €337,558
- Financial charges +€8,147
up €8,147 (+18.4%), from €44,185 to €52,332
- Taxes -€5,921
down €5,921 (-19.5%), from €30,433 to €24,512
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€75,509
Gross operating margin
+€49,466
Depreciation
+€62,894
Write-downs
-€123,842
Other operating charges
+€4,486
Financial charges
-€8,147
Taxes
+€5,921
Result 2025
€66,287
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€100,505
Investment
+€187,163
Financing
-€271,630
Cash 2024
€7,229
From operations (derived)
+€100,505
Net result for the year
+€66,287
Depreciation
+€52,006
Receivables within one year
+€18,557
Deferred charges and accrued income
+€1,800
Trade debts
+€7,845
Tax, wage and social debts
-€31,380
Advances received
+€81
Other debts
-€14,691
Investment (derived)
+€187,163
Investment in fixed assets (net)
+€187,163
Financing
-€271,630
Debts after one year
-€283,660
Current portion of long-term debt
-€7,970
Contributions, distributions and other
+€20,000
Cash 2025
€23,267
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,072,229 | €1,828,742 | -€243,487 | -11.8% |
| Fixed assets | 21/28 | €1,980,061 | €1,740,892 | -€239,169 | -12.1% |
| Tangible fixed assets | 22/27 | €1,980,061 | €1,740,892 | -€239,169 | -12.1% |
| Land and buildings | 22 | €1,980,061 | €1,740,892 | -€239,169 | -12.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €92,168 | €87,850 | -€4,318 | -4.7% |
| Amounts receivable within one year | 40/41 | €83,139 | €64,582 | -€18,557 | -22.3% |
| Trade receivables | 40 | €81,122 | €33,661 | -€47,461 | -58.5% |
| Other amounts receivable | 41 | €2,018 | €30,921 | +€28,904 | +1,433% |
| Cash at bank and in hand | 54/58 | €7,229 | €23,267 | +€16,039 | +222% |
| Deferred charges and accrued income | 490/1 | €1,800 | - | -€1,800 | |
| Total equity and liabilities | 10/49 | €2,072,229 | €1,828,742 | -€243,487 | -11.8% |
| Equity | 10/15 | €276,540 | €362,827 | +€86,287 | +31.2% |
| Contributions | 10/11 | €18,600 | €38,600 | +€20,000 | +108% |
| Profit (loss) carried forward | 14 | €257,940 | €324,227 | +€66,287 | +25.7% |
| Amounts payable | 17/49 | €1,795,689 | €1,465,914 | -€329,775 | -18.4% |
| Amounts payable after more than one year | 17 | €1,444,636 | €1,160,977 | -€283,660 | -19.6% |
| Financial debts | 170/4 | €1,444,636 | €1,160,977 | -€283,660 | -19.6% |
| Amounts payable within one year | 42/48 | €351,053 | €304,938 | -€46,115 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €152,489 | €144,518 | -€7,970 | -5.2% |
| Trade debts | 44 | €38,916 | €46,761 | +€7,845 | +20.2% |
| Suppliers | 440/4 | €38,916 | €46,761 | +€7,845 | +20.2% |
| Advances received on contracts in progress | 46 | - | €81 | +€81 | |
| Taxes, remuneration and social security | 45 | €100,772 | €69,391 | -€31,380 | -31.1% |
| Taxes | 450/3 | €100,772 | €69,391 | -€31,380 | -31.1% |
| Other amounts payable | 47/48 | €58,876 | €44,186 | -€14,691 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,900 | €52,006 | -€62,894 | -54.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €123,842 | +€123,842 | |
| Other operating charges | 640/8 | €23,066 | €18,579 | -€4,486 | -19.5% |
| Gross operating margin | 9900 | €288,093 | €337,558 | +€49,466 | +17.2% |
| Operating profit (loss) | 9901 | €150,127 | €143,131 | -€6,996 | -4.7% |
| Financial charges | 65/66B | €44,185 | €52,332 | +€8,147 | +18.4% |
| Recurring financial charges | 65 | €44,185 | €52,332 | +€8,147 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €105,942 | €90,800 | -€15,143 | -14.3% |
| Income taxes | 67/77 | €30,433 | €24,512 | -€5,921 | -19.5% |
| Profit (loss) for the period | 9904 | €75,509 | €66,287 | -€9,222 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,509 | €66,287 | -€9,222 | -12.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.